criticalmass Calls to Action, Faculty Board, Newsletter

Newsletter #18 (9/26/2024)

Let’s start with the money. $20.4 million. 1. Queen’s University ended the 2023-24 fiscal year with an operating surplus of $20.4 million. The year-end consolidated financial statements are included in the agenda package for this weekend’s Board of Trustees meeting. QCAA has posted a commentary on the statement that draws our attention to the unusual … Continue reading Newsletter #18 (9/26/2024)

QCAA Budget, Posts

A critical read: Providing context for the University’s budget announcement

On May 15th, the Gazette published a statement about the 2023-24 fiscal year and the upcoming 2024-25 budget for the university. In this statement, administrators outlined arguments regarding the university’s fiscal planning. Here, we address some points that are worth further discussion. Using investment income: A middle ground and something the university is doing The … Continue reading A critical read: Providing context for the University’s budget announcement

QCAA Analysis, Budget, Posts

Notes on finances from the Board of Trustees’ meeting agenda

With the Board of Trustees meeting this week, the administration has provided a series of reports for the Board’s meeting. In this post we provide details of two interesting developments: the updated financial projections for the 2023-24 year; and, a review of the Investment Committee’s Terms of Reference. A lower deficit and a win for … Continue reading Notes on finances from the Board of Trustees’ meeting agenda

QCAA Analysis, Budget

Use Investment Income for Teaching and Learning

We all know these cuts are hurting the university. We call on the administration to consider alternative paths to achieve fiscal sustainability such as increasing the budgeted income from the Pooled Investment Fund (PIF) so that we can preserve the academic mission of the university rather than the value of its investments. As illustrated in … Continue reading Use Investment Income for Teaching and Learning